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£290,000 Offers over
Bedrooms
Bathrooms
INTERNAL
This beautiful one bedroom apartment is located on the ground floor of this stunning Victorian building. The large bay window in the lounge area allows an abundance of natural light to flood the living room. Features include high ceilings and a rustic fireplace which offers a sense of comfort and style. Just along the corridor you have a well sized double bedroom, including plenty of built in storage. The bathroom comprises of a bathtub with an overhead shower, wash basin and WC. To the rear of the property you have a kitchen which includes an integral oven and stove and flows out on to a sun drenched south facing deck which leads to a large private garden.EXTERNAL
The private south facing garden is a key selling point. A timber deck is accessible from the kitchen which has a staircase leading down to a generous private garden which is mainly laid to lawn with shrub borders.LOCATION
Conveniently located within 0.5 miles from Preston park, this picturesque apartment is amongst a lovely community of people. Whilst being just a brisk walk away from many local amenities such as; reputable shops, bars and restaurants (including The Hare & Hounds, Joker, Preston Park Tavern and The Roundhill Tavern) you also have Brightons mainline station within a 0.5 mile walk from your doorstep, which includes links to London Victoria and St. Pancreas.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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